Steel beam prices rose in the United States' domestic and import markets on Thursday September 30 in response to a third round of mill increases.
Fastmarkets' monthly assessment for steel beams 8- x 8-in, fob mill US rose to $68 per hundredweight ($1,360 per short ton) on Thursday September 30, up 3.82% from $65.50 per cwt on August 26, and up 7.94% from $63 per cwt on July 29.Fastmarkets' assessment for steel beams medium sections, loaded truck Port of Houston for immediate delivery was $1,315-1,355 per ton ($65.75-67.75 per cwt) on Thursday, up 3.89% from $1,265-1,305 per ton on August 26, and up 8.10% from $1,215-1,255 per ton on July 29.Nucor Corp began the most recent round of mill price hikes on August 31, followed by Deacero, Gerdau, Steel Dynamics Inc and other producers.Market participants reported that demand remains strong and...